We have been watching the real estate market for the last two or three years, and the owners of cottages in Backwater Landing have taken note of the reduction in prices. We have also pointed out to interested buyers that the interest rates being offered at this time are advantageously low, like 4.3% or in the 4.+ bracket. Being in the cottage selling business for 14 years, we feel these great rates and low prices are providing potential buyers an opportunity to look closely at what Backwater Landing has to offer.
What we do know about homes on Keowee Lake is that in addition to the $200,000. to $300,000. more you pay, the annual property tax goes up appreciably. You probably won't have a swimming pool. You'll have to hire a landscaping company to mow and trim, unless you like doing that on your weekends off. You may have a Security Alarm system you'll have to pay for monthly, but no one will come and check your air conditioning setting or heat setting after an electrical storm, if the power went off. If you're in permanent residence at this home, it's a whole different ballgame, of course. But for those looking for a weekend get-away, short vacation stays, or retirement living while you travel the globe, Backwater Landing cottages are the answer.
Compare the cost of living at Backwater to owning a home on the lake, and see which brings you out ahead. We have a seller who recently dropped his price $20,000. on a waterfront cottage. Come and see it, and check out the other great buys at Backwater Landing.
The real estate market has been down in this area of the country plus we are in the second home market, and have a selective clientele that expects upscale amenities such as those offered by Backwater Landing. This Economic slide has affected many people, so, aside from our annual 3% increase factor, we have controlled costs at Backwater, and have endeavored to hold down any increases where possible. We don't pay less for gas to mow lawns and trim hedges, or pay less for electricity to run the lodge, keep water in the pool, maintain boardwalks, provide trash facility and monitor the front gates. Everything outside your cottage walls in the community is maintained and cared for by Backwater Landing.
I created this Blog , and maintain it myself. If you wish to make comments, I invite you to do so. I will be glad to get any answers to any questions you may have about Backwater.
